Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.
The Contract Owner is accountable for realising the benefits/value from the contract, including managing the supplier relationship for the contract, level of risk and contract obligations.
Similar Job Titles to a Contract Specialist For example, some employers may refer to a Contract Specialist as either a Contract Manager or a Contract Administrator.
The most common job titles you can encounter include Contract Manager, Contract Administrator, Contract Specialist, Procurement Manager, Supply Chain Manager, Legal Contract Manager, Commercial Manager, Project Manager, Vendor Manager, and Compliance Officer.
For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.
Their primary duties include: Drafting and revising contracts. Ensuring that all contracts are accurate and relevant documentation is correct and updated when necessary. Building and maintaining good relationships with clients and suppliers.
A Key Distinction The contract administrator will supervise the efforts before a contract is signed. The contract manager will manage the process after a contract is signed, ensuring all regulations and terms are properly followed ing to the contract agreement contents (ProcurePort, 2021).
Similar professions and job titles to a Contract Administrator are Contract Management Specialist, Procurement Specialist, Procurement Analyst, Contract Coordinator, Project Manager, Contract Negotiator and Construction Manager.
Contract Owner means the administrator within the Agency who has overall responsibility, accountability, and authority for the direction and management of the procurement for a specific RFP and contract. Contract Owner . As the Contract Owner you have all the interests and rights under this Contract.